New Mexico medical cannabis operator ups pressure to boost plant-count limits
New Mexico’s leading medical cannabis company is trying to compel a court to force state regulators to increase the marijuana plant-count limit, claiming the restriction has resulted in a crisis of insufficient supply and high prices in the rapidly gro…
Wildfires that damage marijuana crops are focus of new federal group
In response to the 2020 wildfires that engulfed the western U.S. and harmed many marijuana cultivators, two federal departments are banding together “to ensure better forest management effectiveness” in the fight against such natural disasters.
Wildfir…
Cannabis MSO Cresco prices Canadian share offering to raise $125 million
Chicago-based multistate cannabis operator Cresco Labs priced an overnight marketed share offering, designed to raise roughly $125 million, at 16 Canadian dollars ($12.56) per share. The offering of Cresco’s Canadian subordinate voting shares was…
Cresco Labs Sells $125 Million of Stock to 7 Institutional Investors
Cresco Labs Announces Pricing of Offering of Subordinate Voting Shares CHICAGO, January 15, 2021–(BUSINESS WIRE)–Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis op…
Subversive Capital SPAC Closes Acquisitions to Become The Parent Company
Subversive Capital Acquisition Corp. Closes The Largest Cannabis SPAC In History And Announces The Launch Of The Parent Company With Shawn “JAY-Z” Carter, Roc Nation, Caliva, And Left Coast Ventures The Parent Company, Formerly Subversive C…
A marijuana pioneer changes course: Q&A with Harborside co-founder Steve DeAngelo
Steve DeAngelo is one of the marijuana industry’s most high-profile pioneers. But earlier this month, DeAngelo and the Oakland, California-based company he co-founded in 2006, Harborside, formally parted ways. Moreover, the role of chair emeritus…
Judge: California has 30 days to inform marijuana firms about billboard ban
A California judge ruled this week that state marijuana regulators have 30 days to inform businesses of a new ban on billboard advertising. San Luis Obispo County Superior Court Judge Ginger Garrett ruled in November that billboards advertising cannabi…
MD cannabis staffers get same COVID vaccine status as health-care workers
Cannabis workers in Maryland will receive the same status as health care providers and begin to receive Covid vaccinations as part of the first wave.
MD cannabis staffers get same COVID vaccine status as health-care workers is a post from: Marijuana Bu…
Study: Marijuana Use Not Associated with Increased Risk of Cardiovascular Disease
Researchers determined: "After controlling for several confounding variables, we found that there was a decrease in the prevalence of cardiovascular events with marijuana use."
The post Study: Marijuana Use Not Associated with Increased Risk of…
California: No Uptick in Frequency of Marijuana Use by Young Adults Following Adult-Use Legalization
"Contrary to our expectations, frequency of marijuana use did not change significantly after legalization and was stable throughout three years of observation."
The post California: No Uptick in Frequency of Marijuana Use by Young Adults Follow…
South Dakota: Republican Governor Officially Backing Litigation to Reject Voter-Approved Marijuana Legalization Initiative
The Governor on Friday issued an executive order affirming, "I directed [petitioners] to commence the Amendment A litigation on my behalf."
The post South Dakota: Republican Governor Officially Backing Litigation to Reject Voter-Approved Mariju…
Study: Marijuana Use Has No Adverse Effects on Liver Transplantation Outcomes
Investigators reported, "[T]here were no statistical differences in post-operative outcomes" among liver transplant patients with a history of marijuana use.
The post Study: Marijuana Use Has No Adverse Effects on Liver Transplantation Outcomes…
Survey: Use of CBD Prevalent Among Fibromyalgia Patients
"This article indicates that CBD use is common among people with fibromyalgia, and the results suggest that many derive benefit from using CBD across multiple symptoms domains."
The post Survey: Use of CBD Prevalent Among Fibromyalgia Patients …
Marijuana MSO Cresco inks $213M all-stock deal to expand into Florida
Marijuana multistate operator Cresco Labs entered a definitive agreement to acquire Bluma Wellness for $213 million in an all-stock transaction in a move to expand into Florida’s fast-growing medical cannabis market. Bluma, under its operating su…
Study: Herbal Cannabis Most Popular Method of Ingestion Across All Age Groups
Respondents from all age groups reported herbal cannabis as "their most commonly used product."
The post Study: Herbal Cannabis Most Popular Method of Ingestion Across All Age Groups appeared first on NORML.
Cannabis firm Aphria grows Q2 revenue, reports CA$120.6M net loss
Canadian cannabis company Aphria on Thursday reported increased quarterly revenue for the quarter ended Nov. 30, with a net loss of 120.6 million Canadian dollars ($95.3 million). The Ontario-based firm posted net revenue of CA$160.5 million, a 10% inc…
AYR Closes Upsized C$158 Million Equity Offering
Ayr Strategies Announces Closing of Offering of Equity Shares TORONTO, Jan. 14, 2021 (GLOBE NEWSWIRE) — Ayr Strategies Inc. (CSE: AYR.A, OTCQX: AYRWF) (“Ayr” or the “Company”), a leading vertically integrated cannabis multi-state operator, announ…
Cresco Labs to Enter Florida with $213 Million Bluma Wellness Acquisition
Cresco Labs to Expand Into Florida Through Acquisition of Bluma Wellness Inc. The Company will now have meaningful operations in all 7 cannabis markets that fall within the top 10 most populated states in the U.S. CHICAGO-January 14, 2021-(BUSINESS WIR…
